Sinead's Feed
Aug 5, 2015

Standard Chartered halves dividend, says may raise cash

LONDON, Aug 5 (Reuters) – Standard Chartered halved
its dividend and said it would raise capital from investors if
needed, as new Chief Executive Bill Winters outlined plans to
revive a bank hit by a 44 percent slump in first-half profit.

Asia-focused Standard Chartered (StanChart) has had a
troubled three years, hurt by a weakening in many of its key
emerging markets as well as fines from U.S. regulators for
misconduct and strained relations with top shareholders.

Aug 3, 2015

More pain seen for Greek bank stocks before buyers emerge

ATHENS/LONDON (Reuters) – Greek bank shares were expected to be hit by more losses on Tuesday following a 30 percent plunge on the first day of trading after a five-week stock market shutdown.

Traders said buyers were not likely to start looking for bargains until yet lower levels were reached.

Aug 2, 2015

Lloyds shareholders question government’s sale plan

LONDON, Aug 2 (Reuters) – Shareholders in Britain’s Lloyds
Banking Group are calling on the government to rethink
plans to sell down its stake in the lender to ensure taxpayers
get the best deal.

Finance Minister George Osborne has pledged to sell part of
the government’s remaining shares in the bank to ordinary
Britons in a sale reminiscent of the 1980s privatisations of
British Gas and British Telecom under former prime minister
Margaret Thatcher.

Jul 15, 2015

Exclusive: Syngenta investor rebukes board for YouTube engagement on Monsanto bid

LONDON (Reuters) – A leading Syngenta (SYNN.VX: Quote, Profile, Research, Stock Buzz) investor has criticized the board for excluding all but “a very small group” of shareholders from talks that could determine the fate of a $45 billion takeover bid by Monsanto (MON.N: Quote, Profile, Research, Stock Buzz), a letter seen by Reuters showed.

Henderson Global Investors, Syngenta’s 20th biggest shareholder according to Thomson Reuters data, said the Swiss pesticide maker had relied on a YouTube video to communicate with other investors.

Jul 15, 2015

Syngenta investor rebukes board for YouTube engagement on Monsanto bid

LONDON, July 15 (Reuters) – A leading Syngenta
investor has criticised the board for excluding all but “a very
small group” of shareholders from talks that could determine the
fate of a $45 billion takeover bid by Monsanto, a letter
seen by Reuters showed.

Henderson Global Investors, Syngenta’s 20th biggest
shareholder according to Thomson Reuters data, said the Swiss
pesticide maker had relied on a YouTube video to communicate
with other investors.

Jul 10, 2015

Private equity, property investors put Greek investment sprees on ice

LONDON (Reuters) – Global buyout houses and property speculators are stalling investment raids on Greece, spooked by the possibility that bargains could be snared for fractions of today’s prices if the country quits the euro.

    Two years ago, private equity firms like Blackstone and KKR were beating a path to Greece, seduced by depressed stock and property values and a European Central Bank promise to do whatever necessary to shore up the euro zone.

Jul 9, 2015

Simplify, shrink, motivate, the mission for Europe’s new bank bosses

LONDON, July 9 (Reuters) – Barclays has joined
three other European banks in ousting its chief executive, a
top-level clear out that has raised expectations of big changes
at the banks and triggered an $8 billion jump in their market
value.

Barclays and others banks have struggled to revive their
fortunes and provide attractive returns for investors after the
financial crisis because of tougher regulations and high costs.

Jul 8, 2015

McFarlane bares ruthless streak with Barclays sacking

LONDON (Reuters) – There is only one winner in a power struggle involving John McFarlane, the banking and insurance veteran who became Barclays (BARC.L: Quote, Profile, Research, Stock Buzz) chairman in April and fired the bank’s chief executive on Wednesday.

McFarlane, a 68-year-old Scot, has built a reputation as one of the City’s toughest chairmen, with the stomach to make tough decisions and act quickly if a business is underperforming.

Jul 8, 2015

Barclays Chairman McFarlane axes CEO

LONDON (Reuters) – Barclays (BARC.L: Quote, Profile, Research, Stock Buzz) Chairman John McFarlane has fired the British bank’s chief executive just three months after taking the lender’s top job, saying an injection of new blood would help accelerate strategic change and boost shareholder returns.

The move comes three years after Anthony Jenkins was promoted to CEO, having been the bank’s retail chief. McFarlane, who had signaled his intention to speed up its turnaround efforts when he took the post in April, will assume executive duties until a permanent successor is appointed.

Jul 8, 2015

Barclays Chairman McFarlane axes CEO to speed up strategic change

LONDON, July 8 (Reuters) – Barclays Chairman John
McFarlane has fired the British bank’s chief executive just
three months after taking the lender’s top job, saying an
injection of new blood would help accelerate strategic change
and boost shareholder returns.

The move comes three years after Anthony Jenkins was
promoted to CEO, having been the bank’s retail chief. McFarlane,
who had signaled his intention to speed up its turnaround
efforts when he took the post in April, will assume executive
duties until a permanent successor is appointed.